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The Reserve Bank of Australia today maintained the current interest rate of 1.5 percent. This is the sixth straight month that the official cash rate has been kept steady amid an improving economy and business investment climate.

In its board meeting, RBA Governor Philip Lowe cited the above-trend growth in advanced economies. China, for example, continues its growth as proof of the higher spending on infrastructure and property construction. The global economy has also improved resulting in higher commodity prices and inflation rates. In addition, long term bond yields are up while interest rates in the U.S. are also expected to go up.

With regards to the Australian economy, Lowe in his official statement said it continues to be in a transition phase as a result of the end of the mining investment boom. Exports and investments on non-mining businesses have increased while consumer confidence is above average.

The Reserve Bank noted that the interest rates have supported these positive developments in the different sectors. Employment has seen variations across Australia with growth focused on part-time jobs.

Inflation is still low and will likely remain in the same level for some time. Headline inflation, however, is still expected to pick up to above two percent throughout 2017.

As for the housing market, conditions still vary. Some property markets are experiencing increasing prices while in other markets, prices are falling.

Rental growth, on the other hand, has been noted to be in its slowest pace for two decades. Investors, for their part, are continuously borrowing.

Looking to buy in Melbourne and sick of missing out at auction? Thinking of selling and wanting trusted, impartial advice and hand holding to protect your interests throughout the entire selling process? Talk to us about how WE MAKE IT EASY to buy or sell your home.

Call us now on 03 8609 1234 for a confidential free consultation.

Amalain Melbourne property finders will help you buy your investment property

By Amalain Buyer & Vendor Advocates
Copyright 2017 | All Rights Reserved

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Amalain does all of the leg work on behalf of the buyer or seller. From sourcing, analysing, negotiating and bidding at auction for our buying clients, to choosing the most appropriate selling agent, negotiating a fair and reasonable selling commission as well as implementing the most cost effective marketing campaign for our selling clients, we offer trusted impartial advice to protect your interests throughout the entire buying or selling process. We charge a LOW FLAT FIXED FEE for our buyers. For our sellers, this service is provided FREE of charge. WE MAKE IT EASY to buy or sell your home. Call NOW for a confidential FREE CONSULTATION on 03 8609 1234 or visit www.amalain.com.au.

With a passion for financial empowerment through real estate and the leverage of passive income, Michelle started investing over 17 years ago, implementing diverse investment strategies to build her portfolio. Easily able to build rapport and empathise with others, she is a master negotiator who loves challenges and problem solving. Michelle’s tenacious nature and unwavering commitment to achieving the task at hand ensures that her clients always achieve the best possible outcome. Call NOW for a confidential FREE CONSULTATION on 03 8609 1234 or visit www.amalain.com.au.

Wendy is an avid real estate investor with nearly two decades of experience in buying and selling her own properties applying multiple investment strategies. Her expertise, knowledge and skill at negotiation dovetails perfectly with her passion as a buyer and vendor advocate. Her upfront, no nonsense approach ensures that her clients’ interests are always the priority when it comes to achieving success for her buyers and sellers. Call NOW for a confidential FREE CONSULTATION on 03 8609 1234 or visit www.amalain.com.au.

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